Downtown Fullerton Food Court I Absolute NNN Leases

Listing was updated at: 06/03/2019
Property Overview
Price/Rent PSF $ 4,350,000.00
Asset Type Retail
Trade Type Sale
SQ. FT. Available 6,001
Date Available 01/03/2019
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Floors 1
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Located less than 500 feet from Harbor Blvd and Chapman Ave in Downtown Fullerton. From 91 Freeway exit Harbor Blvd north to Chapman Ave west. From 57 Freeway exit Chapman Ave west.

Located in the heart of Downtown Fullerton 133 West Chapman is a new twist on the familiar mall food court. It is a food oriented retail center that caters to groups of people who would like to eat together, but don’t necessarily want the same type of food.

The center provides economies of scale to the retail tenants who can share patio space, trash areas, grease traps in addition to requiring less dining room space due to the large shared patios. The main feature of 133 West Chapman Avenue is the outdoor dining areas and architecture. It has been designed with smaller areas created out of the landscape and hardscape. One of the major themes of the 1960’s “Googie” architecture is the tropical Tiki Theme which would indicate the inclusion of a tropical palm tree type landscape. Mature palms give the feeling that the property is not a new development.

This particular property is unique in that it features 105 free parking spaces directly adjacent to the storefronts that were tied to this property through rezoning to C-3 Restaurant Overlay.

Fullerton is an affluent Orange County Submarket that has ideal proximity to both residential and commercial density which ensures the property is busy during all times of the day, every day of the week. Within close proximity is Fullerton College, Fullerton Union High School, Fullerton Rail Depot, MetroLink station, City Point Luxury Apartments (over 140 units), and St. Jude Hospital. These large housing, education, and business facilities provide high daytime population and consistent traffic.

This opportunity will be marketed free and clear of any existing financing creating an opportunity to place creative financing tailored to an investor's or users desired hold period and risk profile to further enhance returns.

The building is ideally located near the intersection of Harbor Boulevard (44,300 vehicles per day) and Chapman Avenue (35,500 vehicles per day) with a total of over 79,800 vehicles passing nearby daily.

Traditional, linear configuration are conducive to high occupancy, optimal rents and low minimal capital expenditures.